Negative Rates Won’t Rescue The Fed, Nor Will Pretending That Everything’s Fine

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Desperation continues at the Fed. They’re expanding their balance sheet (again), but denying that it’s QE, despite the fact that they’ve added almost $200 billion to their balance sheet in just a matter of days. Fed Chair Powell is also out-and-about pretending that everything is just fine. Central planners always box themselves into a corner. Neither lies, nor more counterfeiting can fix the troubles they’ve created.


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